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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 163.32+2.3%Nov 21 9:30 AM EST
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To: Ruffian who wrote (29354)5/6/1999 11:55:00 PM
From: Lizzie Tudor  Read Replies (2) of 152472
 
michael I just took a position in this stock. I have held engineering management positions at many high tech companies including Oracle, Dell and Cisco, but I'm in software. Every company has a stock plan and there is always a risk that your division will get sold or your company will go under. Nonetheless options are a critical part of the compensation package and most A-list engineers come on board (these days) with options as the prime financial consideration, over salary. In software there are plenty of cases where the very top engineers accepted salaries of 60K or something in order to get extra options, at Siebel each employee was given a choice of 2$ salary vs. 1 share stock for example.

I'm just trying to get information, which I don't have right now, but if stock options were sacrificed for everybody - VPs etc. then fine, sacrifices need to be made sometimes, but if this is a case where the executives got some sort of golden parachute and screwed the engineering staff then this is troubling for the entire industry, and to be honest I don't know how you can attract personnel these days with an attitude like this. I doubt this would ever happen at Cisco for example.

Is this common in comm technology guys? maybe its a caveat emptor situation I don't know
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